According to The Fly, in a report issued on November 11, Jamie Kubik from CIBC reiterated a Buy rating on Kelt Exploration Ltd (KELTF). The company’s shares opened today at $3.71, close to its 52-week low of $3.69.
According to TipRanks.com, Kubik has 0 stars on 0-5 star ranking scale with an average return of -14.4% and a 24.8% success rate. Kubik covers the Basic Materials sector, focusing on stocks such as Paramount Resources Ltd, Freehold Royalties Ltd, and PrairieSky Royalty Ltd.
The the analyst consensus on Kelt Exploration Ltd is currently a Strong Buy rating.
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Based on Kelt Exploration Ltd’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $2.78 million. In comparison, last year the company had a GAAP net loss of $8.5 million.
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Kelt Exploration Ltd. is an oil and gas company, which engages in the exploration, development, and production of crude oil and natural gas resources. It operates in the area of Grande Prairie in northwestern Alberta and Fort St. John in northeastern British Columbia. The company was founded on October 11, 2012 and is headquartered in Calgary, Canada.
